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E Schnapp & Co. Works Q1 profit climbs 17.2% YOY

4913473 said its normalized net income for the first quarter came to 29 agorot per share, a gain of 17.3% from 25 agorot per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.7 million shekels, an increase of 17.2% from 3.1 million shekels in the year-earlier period.

The normalized profit margin increased to 3.8% from 3.5% in the year-earlier period.

Total revenue grew on an annual basis to 91.9 million shekels from 88.2 million shekels, and total operating expenses rose year over year to 82.5 million shekels from 80.6 million shekels.

eported net income rose 39.9% year over year to E. Schnapp & Co. Works Ltd.